Does BOP insurance expire?

Take out a BOP insurance policy and it might slip your mind for months or even longer. As is often said, what is out of sight is also out of mind.

Will your BOP insurance policy in Littleton, CO expire?

Front Range Insurance Services has the answer.

Annual Reviews

Ideally, you will review your BOP insurance policy once per year. However, if you make alterations to your company’s operations, the policy should be analyzed more frequently.

As an example, if you move your business, hire employees, terminate employees or expand, take some time to evaluate your BOP insurance policy.

Lapses are Possible

Let’s cut to the chase: it is possible for a BOP insurance policy to lapse. Most such policies last for a year so be sure to reach out to your provider for a policy renewal or analysis prior to its expiration.

There is no guarantee your insurance provider will make you aware of your BOP insurance policy’s pending expiration. As such, it is in your interest to read through your policy and mark your calendar accordingly.

Be sure to budget in at least a month of time prior to the policy expiration for review and a potential renewal.

Communicate With Your Insurance Provider

The last thing you want is for your BOP insurance policy to expire unexpectedly. Such an expiration could lead to a higher rate or a refusal of future coverage.

Be proactive and connect with your insurance provider before a lapse in coverage leaves you and your business exposed. 

Front Range Insurance Services is on Your Side

Serving Littleton, CO, we offer fair insurance rates and extensive coverage. Reach out to us at 303-951-5982 to learn more about BOP insurance.